Who can open a startup?
In recent years, start-ups have become very popular forms of enterprise, which in most cases are distinguished by exceptional innovations and, on the other hand, by limited possibilities due to a lack of capital. We explain what a startup is and who can open it.
Startups are business creations, aspiring to the name of companies with high potential. There are many definitions of a start, but none of them is able to render the whole point of a start to a particular start.
What is a startup at all?
There is no single, exemplary idea of startup. One of the most popular is the theory of American Steve Blank, who believes that startups are usually temporary organizations. Their primary goal is to obtain a profitable, scalable as well as repeatable business model. It is worth mentioning that in Polish conditions, calling a startup an organization, is not always justified, because very often, Polish startups are business creations, created from beginning to end by one man.
Simplifying Steve Blanka's theory, startup is a relatively new company that wants to find a profitable business model for itself.
Can you create a startup?
It should be remembered that the creator of the startup can be any person who has an interesting business idea. It is worth noting that a startup can be both an online store and a future competitor for former startups, and today big players on their markets, i.e. Uber, Dropbox or SpaceX companies.
Remember that a business idea does not make your startup plans. It is important to know that a startup should usually only be a transition stage and should aim to create a company with a significant market share.
Even if you intend to duplicate existing solutions on the market and draw on the knowledge of other companies, which are to be your competitors, remember about the essence of the startup. Your business idea will have little chance of being a startup if there is no element of innovation as well as scalability.
A desirable feature in the case of startups is also that very often they are undertakings with a very high business risk, with a simultaneous, huge rate of return if your startup is successful. If you don't have enough capital to create a startup, you should think about financing your business. Know that there are a lot of funds on the market, the aim of which is to invest in the short and medium term in startup.
Very often startups are financed from the founders' own resources. This financing model is called bootstrapping and can be very risky if the startup capital is at the same time the entire amount of savings accumulated by its founder.